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communick@indiehackers.space

Where can I go to find financing to buy a 6-7M business? Located in Bay Area (alien.top)

submitted 11 months ago by theMEtheWORLDcantSEE@alien.top to c/entrepreneur@indiehackers.space

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I would like to buy a large business that cash flows but I need a lot of money to buy it, where do I start? I could leverage my house?

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[–] milee30@alien.top 1 points 11 months ago

You're going to need some significant skin in that game. What $ amount can you personally put up? In addition to your $, do you have any collateral? What experience do you have in running that type business? What general management and financial background do you have?

As for the business, what is the valuation based on? Does it have a 3-5 year track record of profit that supports that valuation? Any assets that can be collateralized?

And BTW, there are numerous "Bay Areas". You'll want to specify which bay you're near.